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AMP lost 0.6% over the past five months due to the continuing aftershocks of the GIO debacle. The excision of chairman Ian Burgess and four other directors should have a cathartic effect in the short-term although that may well be offset by the apparent lack of partners in the financial services marriage game if Westpac doesn't come to the party. We still like AMP's growth prospects and, as in our last issue when the share price was $16.80, AMP remains a LONG TERM BUY.

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I wonder if you have any thoughts on the Consolidated Media Holdings buy back? They want shareholders to approve an on-market buyback up to 11.9%. Packer via his holding company CPH holds 45.3% and Stokes holds 22.12% via Seven Network Group. CMJ ...

In Tim's CMH update today he states that CVC loaded up PBL media with debt in the acquisition and that's why it didn't pay a div for the Dec 07 half. Surely the debt lies with CVC not the PBL Media JV? Otherwise James Packer let a company he controll...

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